Author: FX
EUR/USD extended its gains on Monday as market mood improved, weighing on the US Dollar, which fell to six-week lows near 98.36 according to the US Dollar Index (DXY). At the time of writing, the pair trades at 1.1757, up 0.32%.Euro draws support from firmer sentiment and renewed truce hopesSentiment has improved, and is a tailwind for the single currency, which seems poised to test the 1.1800 figure in the near term. The two-week ceasefire seems fragile, as the US and Iran could return to negotiations following a not-so-productive meeting last Saturday.Negotiations in Pakistan lasted 21 hours, and despite achieving…
US-Iran peace talks collapsed over the weekend, sending oil prices surging and sparking early risk-off flows before Trump’s deal comments drove a broad market recovery on Monday. Source link
Vance has done a good job on Iran talks, they want to make a deal badlySays sticking point is on nuclearIran didn’t agree not to have a nuclear weaponThinks Iran will now agree on nuclearWe’ll get nuclear material backIf Iran doesn’t agree to no nuclear weapons, there will be no dealWe can’t let Iran blackmail the worldMany countries are coming to the US for oil, we’ll see if we get a deal before they get hereWe were called this morning by the right people and they want a dealIran wants to be a nuclear nation so they can ‘exterminate the…
West Texas Intermediate (WTI) US Oil trades around $95.70 per barrel on Monday at the time of writing, rising 5.90% on the day but still struggling to regain the $100 threshold after last week’s sharp volatility.The rebound comes as geopolitical tensions in the Middle East continue to fuel fears of supply disruptions. United States (US) President Donald Trump announced that he ordered the US military to block vessels attempting to enter or leave Iranian ports starting Monday at 10:00 Eastern Time. The measure aims to increase pressure on Tehran and on countries importing Iranian Crude, particularly China, which has remained…
Apr 13, 2026, 10:46 AM ETUnited States Oil Fund LP ETF (USO), BNOUCO, XLE, OIH, VDE, IXC, PPA, ITA, XOP, DBO, UNG, USL, UNL, AMLP, XAR, BOIL, OILK, DFEN, FITE, SHLDBy: Max Gottlich, SA News EditorFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsAlones CreativeA U.S. Naval blockade of the Strait of Hormuz started Monday morning, testing the durability of a fragile ceasefire with Iran amid the ongoing global energy crisis. President Donald Trump issued a stark warning just minutes after the 10:00 AM Source link
ECB’s Vujcic: Energy prices still very close to baseline scenarioThe ECB baseline scenario assumed that while energy prices would spike in the short term, they would eventually stabilize. The ECB expected oil prices to peak around $90 per barrel in Q2 of 2026 before gradually declining. The adverse scenario saw prices reaching $119 per barrel, while the worst-case scenario projected oil to spike to $145 per barrel and remain persistently high.Despite the upward revision in inflation, the ECB has maintained a patient approach to avoid overreacting to the supply-side shock that is also expected to dampen economic growth.The ECB has…
The Indian Rupee (INR) falls sharply in the opening trade against the US Dollar (USD) at the start of the week. The USD/INR pair rises to near 93.35 as rallying oil prices due to the announcement of a complete blockade of the Strait of Hormuz, a passage to almost 20% of global energy supply, by the United States (US) Navy, as instructed by President Donald Trump, have weighed heavily on the Indian Rupee.Currencies from economies, such as India, that rely heavily on oil imports to meet their energy needs tend to underperform in a high oil price environment.Trump announces blockade…
Open Text announces strategic sovereign cloud partnership with S3NS Source link
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Japanese economy, prices moving roughly in line with BOJ forecastsFinancial markets are seeing unstable movements due to conflict in the Middle EastRising oil prices are weighing on Japan’s economy due to worsening terms of tradeIf the conflict is prolonged, it could weigh on corporate activityShould it also push up inflation expectations, that could push up underlying inflationThe conflict could put both upward and downward pressures to underlying inflationBOJ need to scrutinise the impact of the conflict and the relative uncertaintyHave to take into account the impact on the economy, prices, and related risks in guiding monetary policyThese are pretty much…